Thomas Jefferson Quote

"The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals; that it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted; that it is already at a term of abuse in these States, which has never been reached by any other nation."

by:	Thomas Jefferson (1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source:	letter to his son-in-law John Wayles Eppes on June, 24, 1813
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Categories:	Economics, Money, Fiat
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